Projects

Exploration Pipeline

Building the Exploration Pipeline

Complementing RC1’s production strategy, exploration has been specifically designed to grow RC1’s exploration pipeline and advance the prospect towards an initial Mineral Resource Estimate, supporting ongoing RB JV activities at QA and RR.

Importantly, exploration remains capital-light, enabled through shared logistics and infrastructure with the RB JV at QA and RR, maximising operational efficiency. RC1 has previously completed several targeted drilling campaigns within the RPA spanning 2022-2025.

Drilling is being planned at RPA and will be coordinated with an inaugural drilling campaign in the TBone Project Area. This drilling will focus on gold mineralisation systems aimed at maximising the opportunity to provide potential additional ore supply whilst taking advantage of mining synergies to create additional value for shareholders.

Location of the Strategic Kilkenny Belt Package (yellow), TBone Belt Package (black) and the Redcastle Project Area (red)
Queen Alexandra–Redcastle Reef–Morgan’s Castle East corridor showing drillhole assays and conceptual pit outlines

TBone Belt

In August 2025, RC1 entered into an acquisition agreement with a consortium of vendors for the strategic acquisition of tenements (known as the TBone Belt) in a historically prolific WA gold producing region.  The TBone Belt remains fundamentally underexplored by modern techniques, and represents an exciting, scalable opportunity to build a pipeline of high-priority drill targets immediately adjacent to RPA.

At a District scale the TBone Belt concessions encompass multiple NE-SW and NW-SE structural trend sets evidencing repeated reactivation. Quartz veining, localised alteration, silicification and shear fabrics are common along the contacts of competent mafic units and felsic intrusives. Throughout the concessions there are dotted isolated small pits and shallow historical workings, some coincident with magnetic anomaly gradients. A significant amount of surficial cover, especially within the lower topographic areas, presents the opportunity for the discovery of ‘blind’ mineralisation along buried structural corridors identifiable with geophysical coverage.

16 potential walk-up gold targets identified across TBone Belt supported by historical surface geochemistry, old workings and field work:
  • 9 targets based on recent analysis of historical geochemical data compilation
  • 5 targets based on old workings and field work
  • 2 targets based on old workings, field work and supported by historical geochemical samples

Kilkenny Gold Belt

During the first half of 2026, Redcastle secured the right to earn a 60% interest in the Kilkenny Belt Package, a 15-tenement portfolio covering approximately 6,419 hectares of prospective Eastern Goldfields tenure adjoining the Company’s existing Redcastle Project Area and TBone Belt to the west.

The Kilkenny Belt sits within the same NNE-trending structural corridor in the Murrin Domain/Minerie Sequence that hosts Redcastle’s existing gold mineralisation. The package comprises approximately 4,450 hectares of live/granted tenures and a further 1,969 hectares attributable to pending applications. Pending Mining Lease Application M39/1194 is excluded from the aggregate area as it overlies P39/5801 to avoid double counting.

Under the capital-light terms, RC1 earns a 60% interest in the Kilkenny Belt Package by paying A$59,000 in cash, issuing 500,000 RC1 shares to secure title, as well as completing Redcastle’s exploration work programme of A$1.25 million over the two-year earn-in period. Upon completion of the earn-in work programme RC1 becomes JV operator. The farm-in materially expands Redcastle’s district-scale exploration portfolio while preserving the Company’s capital-light pathway toward near-term QA-RR development and cashflow through the RB JV with BML Ventures Ltd.

Read More About Our Projects

RC1’s WA Gold Portfolio

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Drilling and Exploration Activities

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RC1’s Key Stakeholders

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